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INTERNAL AUDIT – AN INSTRUMENT FOR RISK MANAGEMENT IN THE SUPPLY AND MANAGEMENT OF MATERIAL RESOURCES

Gabriela Iuliana Munteanu and Paul Gheorghe

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 612-616

Abstract: Internal audit is one of the tools available to the management in identifying and analyzing foreseeable risks, as well as taking the necessary measures as it provides the management structure with the necessary information to make the right decisions appropriate to the situation. Internal audit also has the role of supporting the company by identifying and evaluating significant risk exposures and improving risk control and management systems. In the context of the trend of repositioning of the supply and management of material resources within the companies, recorded in the specialized literature, it is desirable that by applying the risk identification methods, a value gain is obtained by integrating the existing risk into the activity of the company, resulting in an increase in efficiency and competitiveness.

Keywords: internal audit; risk management; material resources; risk. (search for similar items in EconPapers)
Date: 2017
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